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never [62]
4 years ago
13

Mike Hansen has adjusted gross income of $28,350. During the year, Mike decided he needed a larger home. He purchased a home on

a golf course in the same town as his first home. Mike incurred $8,750 in moving expenses. How much of this can he include as an itemized deduction
Business
1 answer:
storchak [24]4 years ago
6 0

Answer:

<u>$0 (None)</u>

Explanation:

Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.

However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>

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Which of the following costs is an example of a Selling &amp; Administrative (S&amp;A) cost rather than a product cost? Group of
irakobra [83]

Answer:

The answer is B.

Explanation:

Option B. Wages of sales person are the example of a Selling and Administrative cost. Other examples are rents, distribution cost etc.

Option C is wrong. Wages of production machine operators is a direct wage. It will form part of cost of sales.

Option D is wrong. Insurance on factory equipment cannot be attributable to selling cost.

4 0
3 years ago
The development of kidney failure becomes more prevalent with age; therefore, the amount of _______ in the diet must be reduced.
andre [41]
The development of kidney failure becomes more prevalent with age; therefore, the amount of protein in the diet must be reduced.

People with chronic kidney disease or kidney failure will face a dilemma with protein consumption because they can't remove the protein waste in the kidney. The protein will pollute the blood if kidney can't remove it.
5 0
3 years ago
Amira is managing the development of a reference book. She is in New York. Her lead writer is in California, and her fact-checki
vampirchik [111]

Answer:

Electronic-discussion channel

Explanation:

Since the various arms involved in the development of the reference book are country apart, the best way fro every to communicate is through and electronic channel because it is very cost saving considering the fact that the project is under a tight budget.

An electronic-discussion channel could be through electronic messaging apps or any other channels which gives each party involved the means to contribute at the same time and help communicate the progress or lack of it in the development of the reference book.

cheers.

5 0
3 years ago
If the demand for a good falls by less than the supply of the good rises, then the good’s equilibrium price will __________ and
STatiana [176]

If the demand for a good falls by less than the supply of the good rises, then the good’s equilibrium price will fall and its equilibrium quantity will rise.
According to the law of demand indicates that as price increases, consumers are willing and able to purchase less so the quantity demanded will fall and cause the downward sloping demand curve. So when price falls, consumers are willing and able to purchase more.
6 0
4 years ago
In economics what is a complementary good to energy drinks?
grandymaker [24]
Here is the correct answer of the given question above. In economics, the complementary good to energy drinks would be SWEETS. In economics, a complementary good is defined as the good that can be used along with other goods. In addition, a substitute good for energy drinks can either be coffee or tea. Hope this answer helps.
6 0
3 years ago
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